London, Oct 5 (ANI): South Korean electronics maker Samsung has estimated record profits its third quarter, led by strong smartphones sales.
Samsung's earnings preview estimated July-September operating income at 8.1 trillion won, compared with 4.25 trillion won in the year-earlier period.
The operating profit beats the market consensus of 7.6 trillion won according to a poll of 26 analysts by FnGuide, a financial information provider.
According to the Daily Express, shares of Samsung opened 0.2 percent higher in Seoul after the preliminary earnings announcement.
Analysts say that Samsung's IT and Mobile Communications team that sells smartphones, media players and tablet computers generated almost 70 percent of its operating income in the last quarter.
According to Strategy Analytics, Samsung surpassed Apple and Nokia in annual smartphone sales for the first time in 2011.
Samsung will announce its full quarterly results including net income and breakdown figures for each division by October end. (ANI)
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